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Baytex Energy Stock To Go Ex-dividend Tomorrow (BTE)

The ex-dividend date for Baytex Energy (NYSE:BTE) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $53.24 as of 9:30 a.m., the dividend yield is 5.2%.

NEW YORK ( TheStreet) -- The ex-dividend date for Baytex Energy (NYSE: BTE) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $53.24 as of 9:30 a.m. ET, the dividend yield is 5.2%.

The average volume for Baytex Energy has been 247,200 shares per day over the past 30 days. Baytex Energy has a market cap of $6.78 billion and is part of the basic materials sector and energy industry. Shares are down 4.7% year to date as of the close of trading on Monday.

Baytex Energy Corp., through its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in the Western Canadian Sedimentary Basin and the United States. The company has a P/E ratio of 28.6, below the average energy industry P/E ratio of 30.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Baytex Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Baytex Energy Ratings Report.